United Therapeutics Corporation

United Therapeutics Corporation

UTHRยทNASDAQ

$549.47

+1.7%
HealthcareBiotechnology

United Therapeutics Corporation, a biotechnology company, engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally. Its commercial therapies include Remodulin to treat patients with pulmonary arterial hypertension (PAH) to diminish symptoms associated with exercise; Tyvaso, an inhaled formulation of prostacyclin analogue treprostinil to enhance the exercise ability in PAH patients and pulmonary hypertension associated with interstitial lung disease (PH-ILD); Orenitram, a tablet dosage form of treprostinil to enhance the exercise capacity in PAH patients; Unituxin, a monoclonal antibody for treating high-risk neuroblastoma; and Adcirca, an oral PDE-5 inhibitor to enhance the exercise ability in PAH patients. The company also engages in developing Tyvaso DPI, a dry powder inhalation form of Tyvaso; Remunity Pump, a small, lightweight, durable pump and separate controller; RemoPro and Ralinepag for the treatment of PAH; Aurora-GT, a gene therapy product to rebuild the blood vessels in the lungs; and Tyvaso PERFECT and TETON studies, which are the studies of Tyvaso in patients with World Health Organization (WHO) Group 3 pulmonary hypertension associated with chronic obstructive pulmonary disease (PH-COPD). It has licensing and collaboration agreements with DEKA Research & Development Corp. to develop a semi-disposable system for the subcutaneous delivery of treprostinil; MannKind Corporation to develop and license treprostinil inhalation powder and the Dreamboat device; and Arena Pharmaceuticals, Inc. to develop Ralinepag. The company was incorporated in 1996 and is headquartered in Silver Spring, Maryland.

At a Glance

Live Snapshot
Market Cap$23.32B
EPS30.1300
P/E Ratio18.24
Earnings Date07/29/2026
3Y+95.0%
5Y+107.0%
10Y+143.0%
3Y-32.0%
5Y-25.0%
10Y-1241.0%
3Y-1625.0%
5Y+6705.0%
10Y+131.0%
UTHR

United Therapeutics Corporation Cash Conversion Engine

UTHR ยท NASDAQ
Net Income1.33B
Depreciation & Amortization85.60M
Stock-Based Compensation147.70M
Change in Working Capital-106.40M
Others2.00M
Capital Expenditures-520.50M
Free Cash Flow1.04B

Cash Flow Quality Analysis

FCF Conversion Rate

78.0%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

33.3%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

-3.7%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$106.40M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

United Therapeutics Corporation Cash Flow Statement

UTHR โ€ข NASDAQ

United Therapeutics Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1.3B
1.2B
984.8M
727.3M
475.8M
514.8M
-104.5M
589.2M
417.9M
713.7M
651.6M
340.1M
174.6M
304.4M
217.9M
105.9M
19.5M
-42.8M
19.9M
74M
85.6M
72.5M
53.2M
51.3M
49.9M
49.9M
45.9M
35.9M
31M
31.6M
32.9M
32.2M
31.3M
27.1M
20.5M
17.9M
11.4M
4.5M
957K
1.5M
97.7M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
185.1M
104.3M
136.2M
81.4M
41.9M
-1M
-34.4M
-3.3M
-37M
147.7M
144M
39.1M
106.8M
138.5M
163.8M
45.4M
-26.4M
73.5M
12.1M
280.3M
190.1M
320.8M
30.1M
-15.7M
113.9M
101M
28.7M
48.7M
0.0
2M
-24.3M
-1.3M
58.3M
108.2M
-35.9M
-15.1M
55.3M
30.2M
3.6M
-379.9M
-191.7M
-93.4M
33.9M
57.3M
6.6M
20.2M
-7.8M
-15.6M
16.3M
(313.3M)
(400.6M)
(332.5M)
(275.7M)
(153.3M)
(92.8M)
(120.2M)
(102.7M)
(346.9M)
(362.4M)
(293.3M)
(195.6M)
(142.1M)
(101.5M)
(46.5M)
(22.7M)
(23.9M)
(1.6M)
(1.6M)
(0.0)
-106.4M
-60.2M
-97.8M
-141.2M
-174.2M
63.1M
-178.3M
124.4M
-78.4M
-117.4M
-202.1M
-200.5M
-112.3M
-208.2M
-111.3M
-74.8M
-51.3M
9M
-4.2M
-5.3M
1.6B
1.3B
978M
802.5M
598.2M
755.7M
-206.6M
778.4M
474.2M
643.6M
382.8M
355.3M
425.3M
323.6M
250.2M
211.5M
99.7M
-49.2M
48.9M
49.4M
INVESTING ACTIVITIES
-520.5M
-246.5M
-230.4M
-138.8M
-120.8M
-59.3M
-83.7M
-184.4M
-86.3M
-43.2M
-49.8M
-47.4M
-31.9M
-111.9M
-36M
-18.6M
-95.4M
-124.4M
-38.7M
-15.6M
(0.0)
-30.5M
-89.2M
-1.5M
(0.0)
(0.0)
-20.5M
-129.1M
-60.3M
-43.3M
(0.0)
(0.0)
-30.8M
(0.0)
-3.5M
(0.0)
-3.6M
(0.0)
(0.0)
(0.0)
-3.5B
-1.6B
-2.5B
-1.7B
-1.9B
-2.3B
-1.3B
-862M
-770.2M
-800K
-117M
-163.7M
-793M
-579.3M
-815.7M
-662.2M
-310.6M
-346M
-302M
-204.8M
1.6B
2.4B
2.1B
1B
1.5B
1.6B
1B
400.9M
72.9M
130.4M
320.4M
549.6M
529.9M
527.9M
733.9M
457.7M
249.1M
297.9M
318.9M
118.8M
1.8B
-28.5M
-23M
3.5M
0.0
2.4M
0.0
-46M
8.3M
0.0
350M
0.0
30.8M
0.0
0.0
13.9M
-2.1M
0.0
0.0
0.0
-551.3M
(417.2M)
-719.6M
-811.5M
-486.9M
-738.5M
-335.4M
-820.6M
-835.6M
(48.3M)
(503.6M)
(338.5M)
-295M
-163.4M
-121.3M
-209.2M
-160.5M
-172.5M
-21.7M
-104M
FINANCING ACTIVITIES
-816.9M
-1B
-13.8M
-11.4M
-10.8M
-3.7M
-2.1M
0.0
-250M
-500M
-394.5M
-483.1M
-42.4M
-188M
-212M
0.0
0.0
150M
-67.1M
-178.6M
-300M
-400M
-100M
0.0
0.0
-50M
600M
0.0
250M
-8.8M
-133.2M
-177.8M
-1.3M
-999K
-8.6M
38.6M
0.0
-23K
-10K
242M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-29.6M
(0.0)
-1B
-1B
-13.8M
-11.4M
-10.8M
-3.7M
-2.1M
(0.0)
-250M
-500M
-394.5M
-483.1M
-42.4M
-188M
-212M
(0.0)
(0.0)
(0.0)
-67.1M
-193.1M
-33.1M
157.4M
101.9M
86.8M
55.6M
36.8M
13.3M
6.3M
43.3M
11.1M
80.7M
84.3M
38.6M
19.9M
-5M
108.2M
36.5M
63M
58.3M
10.8M
-1.2B
-1.3B
-11.9M
75.4M
44.8M
-16.9M
611.2M
6.3M
43.3M
-497.7M
-447M
-576.6M
-5.1M
-169.1M
-218.1M
146.8M
36.5M
213M
20.9M
74.1M
CASH FLOW SUMMARY
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
200K
-3M
-5.3M
-3.8M
-319K
229K
-269K
2.8M
-2.7M
-1.2M
136K
0.0
-140.1M
489.5M
246.5M
66.4M
156.1M
300K
69.2M
-35.9M
-317.9M
191.2M
434.1M
113.4M
124.9M
-8.6M
-89.5M
151.8M
-29.1M
-9.9M
48.3M
21.9M
1.7B
1.2B
961.2M
894.8M
738.7M
738.4M
669.2M
705.1M
1B
831.8M
397.7M
284.3M
154M
162.7M
252.2M
100.4M
129.5M
139.3M
91.1M
69.2M
1.6B
1.7B
1.2B
961.2M
894.8M
738.7M
738.4M
669.2M
705.1M
1B
831.8M
397.7M
278.9M
154M
162.7M
252.2M
100.4M
129.5M
139.3M
91.1M
1B
1.1B
747.6M
663.7M
477.4M
696.4M
-290.3M
594M
387.9M
600.4M
333M
307.9M
393.4M
211.7M
214.2M
192.9M
2.2M
-173.6M
10.4M
36.2M

SEC Filings

UTHR - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 06, 2026
May 06, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 06, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 29, 2026
June 26, 2026
2026
8-K

8-K 2026

N/A

March 30, 2026
March 30, 2026
2026
8-K

8-K 2026

N/A

March 09, 2026
March 09, 2026
2026
8-K

8-K 2026

N/A

March 02, 2026
March 02, 2026
2026
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
10-K

10-K 2025 FY

FY

February 25, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 22, 2026
January 21, 2026
2026
8-K

8-K 2025

N/A

October 29, 2025
October 29, 2025
2025
Showing 1 to 10 of 495 filings